2016 BMW X5 Lease Questions

hit

As a followup, the dealer is saying it's a .000141 base rate and with multiples drops to .00092. Is this accurate or are they tacking on an extra point??

jrevans

Is there a 48 month program on the 2016 X5 x35? Rates and residuals please and thank you.

hit

hit said:

Hi Michaell and all, Thanks for your prior response regarding the multiple refundable security deposits and the x5 deal.

The numbers I'm getting are as follows:
2016 X5 35 xdrive
$71,195 MSRP
$65,640 Invoice (as per Edmunds)
$1,500 loyalty program
$1,500 rebate
58% residual (36 months / 10k miles)
.00092 MF with multiple refundable security deposits ( !! this varies from the .00082 you calculated, please confirm should this be .00092 or .00082?)
9% PA sales tax
First month and registration for inception.

My calculator gives me payments of $759.94, I negotiated with dealer to get it to $750.

Please advise/confirm on the multiple refundable deposit rate and viability of the deal. Thanks!

So the dealer was giving me a wrong MF, they corrected to .00082, making my calculated price based on edmunds invoice $748.58, dealer is giving it to me for $750, and $2,070 at signing including $750 first month, $925 bank fee, and 395 doc fee(not counting the multiple refundable security deposits).

Is the deal OK?
Is it reasonable to ask for these under invoice (before rebates credits)?
Are the out of pocket fees normal/consistent with what BMW usually charges?

Please advise -- thanks!

kyfdx

hit said:

As a followup, the dealer is saying it's a .000141 base rate and with multiples drops to .00092. Is this accurate or are they tacking on an extra point??

Tacking on an extra point.. That's a pretty small markup, especially if they are selling it to you for invoice minus incentives.

kyfdx

jrevans said:

Is there a 48 month program on the 2016 X5 x35? Rates and residuals please and thank you.

There is, but the .00131 MF is only good up to 42 months, so the 48 month program would not be financially smart.

42 mo, 15K/yr = .00131 MF and 49% residual

kyfdx

hit said:

hit said:

Hi Michaell and all, Thanks for your prior response regarding the multiple refundable security deposits and the x5 deal.

The numbers I'm getting are as follows:
2016 X5 35 xdrive
$71,195 MSRP
$65,640 Invoice (as per Edmunds)
$1,500 loyalty program
$1,500 rebate
58% residual (36 months / 10k miles)
.00092 MF with multiple refundable security deposits ( !! this varies from the .00082 you calculated, please confirm should this be .00092 or .00082?)
9% PA sales tax
First month and registration for inception.

My calculator gives me payments of $759.94, I negotiated with dealer to get it to $750.

Please advise/confirm on the multiple refundable deposit rate and viability of the deal. Thanks!

So the dealer was giving me a wrong MF, they corrected to .00082, making my calculated price based on edmunds invoice $748.58, dealer is giving it to me for $750, and $2,070 at signing including $750 first month, $925 bank fee, and 395 doc fee(not counting the multiple refundable security deposits).

Is the deal OK?
Is it reasonable to ask for these under invoice (before rebates credits)?
Are the out of pocket fees normal/consistent with what BMW usually charges?

Please advise -- thanks!

The BMW fees are normal. Dealer doc fees are more regional in nature, as they really have nothing to do with make/model.

Looks like a great deal for that car.

darksilkx

Concluded the following order two weeks ago.

2016 X5 sDR35I
MSRP: $64,125
INVOICE: $59,730
SELLING PRICE: $56,730 (Invoice less 1500 build out + 1500 loyalty)
36 MONTHS 12K MILES/YR
MONEY FACTOR: 0.00134
RESIDUAL: 58%
$1,746.39 DOWN (first month, registration, BMWFS acquisition)
$672.08+TAX
$712.39 INCL 6% TAX
Additionally, I'll be getting a 1000 membership rebate check from the BMW car club

Michaell

darksilkx said:

Concluded the following order two weeks ago.

2016 X5 sDR35I
MSRP: $64,125
INVOICE: $59,730
SELLING PRICE: $56,730 (Invoice less 1500 build out + 1500 loyalty)
36 MONTHS 12K MILES/YR
MONEY FACTOR: 0.00134
RESIDUAL: 58%
$1,746.39 DOWN (first month, registration, BMWFS acquisition)
$672.08+TAX
$712.39 INCL 6% TAX
Additionally, I'll be getting a 1000 membership rebate check from the BMW car club

Congrats on the new X5!

kzevo

Can you please provide program info for November on x5 35. For 36 and 39 months (10k per yr) and available incentives. Thank you 

Michaell

kzevo said:

Can you please provide program info for November on x5 35. For 36 and 39 months (10k per yr) and available incentives. Thank you 

.00131 and 58% for 36/10. No 39 month numbers. $1500 option credit and $1500 loyalty credit.

buddytheyorkie

Does anyone know if the buildout incentive and loyalty incentive would stick around for December 2015? Thanks!

kyfdx

buddytheyorkie said:

Does anyone know if the buildout incentive and loyalty incentive would stick around for December 2015? Thanks!

The 2016 has an option credit, not buildout cash (semantics), and no one really knows what next month might bring.

buddytheyorkie

Thank you kyfdx!  We're debating whether to wait since I don't technically need the car 'til Feb.  

scusyxx

Today I've put deposit for 2016 X5 Xdrive 3.5i.

MSRP: 61625
Selling price: 54600
MF: 0.00131
RV: 58%
7 MSDs - $4200
$0 down
$2k all fees

$599 per month.

How does it look?

Michaell

scusyxx said:

Today I've put deposit for 2016 X5 Xdrive 3.5i.

MSRP: 61625
Selling price: 54600
MF: 0.00131
RV: 58%
7 MSDs - $4200
$0 down
$2k all fees

$599 per month.

How does it look?

I'm within $1 of those numbers .... looks solid.

lambusser

Hello,

Do you know what the RV and MF are for a 2016 X5 M?

Assuming a MSRP configuration around $117k (and that I would have to build the vehicle) any idea how things change for January and February?

Thank you,
Lam

Michaell

lambusser said:

Hello,

Do you know what the RV and MF are for a 2016 X5 M?

Assuming a MSRP configuration around $117k (and that I would have to build the vehicle) any idea how things change for January and February?

Thank you,
Lam

.00131 and 55% for 36/15. $1500 option credit and $1500 loyalty credit.

Can't predict what will happen to the numbers down the road.

lambusser

Thank you!

Add 1% for 12k and another 1% for 10k?

Lam

Michaell

lambusser said:

Thank you!

Add 1% for 12k and another 1% for 10k?

Lam

Add 2% to the 15K residual for 12K and 3% for 10K

jandycar

I'm debating lease vs purchase I'm looking to keep the car after the 3 years for at least 5 years. With the aggressive November rates being offered on leases is it worth to lease then purchase?

MSRP 62,720.00
selling 56,450.00
down 3,000
tax 8.00% CA

I also have a Mercedes ML350 trade-in - should I do a separate contract for that? I've received trade-in values from 4 dealerships. Outside of Mercedes this dealer is offering the most $

thank you
yg

bnguyen1991

California.

Base Price $53,900.00
ZPP Premium Package 2,550.00
ZDA Driver Assistance Package 1,400.00
ZDB Driver Assistance Plus 1,700.00
ZLP Lighting Package 1,900.00
328 Aluminum Running Boards 400.00
Metallic Paint 550.00

Destination and Handling 995.00

TOTAL AS EQUIPPED $63,395.00
SELLING PRICE $56,000.00


Term 36 Months
Mileage 10,000/year
Money Factor 0.82
Residual Factor 59%

Selling Price $56,000.00

Residual Value $37,403.05
Total Depreciation $18,596.95
Capital Reduction $0.00
Monthly Depreciation $516.58
Monthly Rent $76.59

Monthly Payment $593.17
Tax (9%) $53.39

Monthly Payment + Tax $646.56

License & Registration $500.00
Bank Fee $925.00
Documentation Fee $80.00
First Payment $646.56
Security Deposit $4,550.00

Drive Off $6,792.01

Trade Equity $0.00
Rebate $0.00

Due at Signing $6,792.01

What do you guys think. Dealer wants me to buy before end of month so they can make their numbers.

Michaell

bnguyen1991 said:

California.

Base Price $53,900.00
ZPP Premium Package 2,550.00
ZDA Driver Assistance Package 1,400.00
ZDB Driver Assistance Plus 1,700.00
ZLP Lighting Package 1,900.00
328 Aluminum Running Boards 400.00
Metallic Paint 550.00

Destination and Handling 995.00

TOTAL AS EQUIPPED $63,395.00
SELLING PRICE $56,000.00


Term 36 Months
Mileage 10,000/year
Money Factor 0.82
Residual Factor 59%

Selling Price $56,000.00

Residual Value $37,403.05
Total Depreciation $18,596.95
Capital Reduction $0.00
Monthly Depreciation $516.58
Monthly Rent $76.59

Monthly Payment $593.17
Tax (9%) $53.39

Monthly Payment + Tax $646.56

License & Registration $500.00
Bank Fee $925.00
Documentation Fee $80.00
First Payment $646.56
Security Deposit $4,550.00

Drive Off $6,792.01

Trade Equity $0.00
Rebate $0.00

Due at Signing $6,792.01

What do you guys think. Dealer wants me to buy before end of month so they can make their numbers.

I get the same payment, to the penny. If you're comfortable with the selling price, no reason not to pull the trigger.

Michaell

jandycar said:

I'm debating lease vs purchase I'm looking to keep the car after the 3 years for at least 5 years. With the aggressive November rates being offered on leases is it worth to lease then purchase?

MSRP 62,720.00
selling 56,450.00
down 3,000
tax 8.00% CA

I also have a Mercedes ML350 trade-in - should I do a separate contract for that? I've received trade-in values from 4 dealerships. Outside of Mercedes this dealer is offering the most $

thank you
yg

Rarely does it make sense to buy after the lease, especially with a BMW - the residual values are usually inflated to keep the lease payment low, but the buyout value is often too high. And, the interest rate for used cars is higher.

Better to just buy outright and keep for 8 years.

bnguyen1991

I get the same payment, to the penny. If you're comfortable with the selling price, no reason not to pull the trigger.

Got them to knock off another 1k.

ntlwhsle

In California, want to verify rates:

Base Money factor .00134
Can be bought down with up to 7MSD (.00149) to .00082

36 month 12k miles a year residual 58%
36 month 10k miles a year residual 59%

Thanks and have a great Thanksgiving!

kyfdx

ntlwhsle said:

In California, want to verify rates:

Base Money factor .00134
Can be bought down with up to 7MSD (.00149) to .00082

36 month 12k miles a year residual 58%
36 month 10k miles a year residual 59%

Thanks and have a great Thanksgiving!

.00131 MF. Discount with 7 MSDs (.00049) reduces it to .00082

Residuals are 57%/58%

speckledtrout

Hi, checking to see if anyone has information on December lease money factors for the 2016 X5s. Also is anyone aware of any additional sales support beyond the $1500 option credit (i.e. loyalty credit). Much appreciated!

hit

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

kyfdx

speckledtrout said:

Hi, checking to see if anyone has information on December lease money factors for the 2016 X5s. Also is anyone aware of any additional sales support beyond the $1500 option credit (i.e. loyalty credit). Much appreciated!

Still $1500 loyalty. Which model, lease and term?

kyfdx

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

hit

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

X5 35 xdrive 36 months 10k miles, with multiple refundable security deposits and loyalty credit.

lmoney783

2016 X Drive 3.5i

speckledtrout

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

sDrive or xDrive (though I believe the residual is better by 1% on the sDrive) 36/10K. Thanks!

Michaell

hit said:

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

X5 35 xdrive 36 months 10k miles, with multiple refundable security deposits and loyalty credit.

.00131 (.00082 with MSD) and 58%. $1500 option credit and $1500 loyalty credit.

Michaell

speckledtrout said:

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

sDrive or xDrive (though I believe the residual is better by 1% on the sDrive) 36/10K. Thanks!

xDrive - .00131 and 58%. $1500 option credit and $1500 loyalty credit.

Yes, add 1% to residual for sDrive.

speckledtrout

Michaell said:

speckledtrout said:

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

sDrive or xDrive (though I believe the residual is better by 1% on the sDrive) 36/10K. Thanks!

xDrive - .00131 and 58%. $1500 option credit and $1500 loyalty credit.

Yes, add 1% to residual for sDrive.

100% sure on the loyalty credit?

Michaell

speckledtrout said:

Michaell said:

speckledtrout said:

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

sDrive or xDrive (though I believe the residual is better by 1% on the sDrive) 36/10K. Thanks!

xDrive - .00131 and 58%. $1500 option credit and $1500 loyalty credit.

Yes, add 1% to residual for sDrive.

100% sure on the loyalty credit?

Yes.

speckledtrout

Michaell said:

speckledtrout said:

Michaell said:

speckledtrout said:

kyfdx said:

hit said:

Hey, My dealer told me rates and lease terms are unchanged from November. Would be great to have confirmation please...

Which model, lease and term?

sDrive or xDrive (though I believe the residual is better by 1% on the sDrive) 36/10K. Thanks!

xDrive - .00131 and 58%. $1500 option credit and $1500 loyalty credit.

Yes, add 1% to residual for sDrive.

100% sure on the loyalty credit?

Yes.

Awesome; thank you very much for your help!

kbest1

Could someone please advise on this. 2016 BMW X5 Msrp 62620 with selling price 55675. I am Texas and was told there is tax credit on them now. 36 month lease with 10k a year for 725 a month, how does this look?

kyfdx

kbest1 said:

Could someone please advise on this. 2016 BMW X5 Msrp 62620 with selling price 55675. I am Texas and was told there is tax credit on them now. 36 month lease with 10k a year for 725 a month, how does this look?

.00131 MF and 58% residual. $1500 option credit.

If the selling price is the CAP cost, I get $658/mo.

That's a $2400 difference. Does the tax credit cover all the tax? Also, have to account for the $925 acquisition fee.

kbest1

Yes tax credit is 3400 which is full credit what I have been told and MF is .00124 I am also entitled to loyalty credit (1500) but I believe it is already reflected in the final sales price. I will be getting more details today as well.

kbest1

Wait taxt credit on 50k

aebiz95

Long time reader, first time poster.... I entered into what I thought was a good deal on a 2016 X5, but I can't seem to get my lease calc to match dealers... can someone out here help me? I think I may be able to dispute...

It is for a 36 mo/12 K mile lease

MSRP 62945
Agreed Price 56000
Resid 57%
MF with all MSDs .00082

I calculate a lease payment of 634.27, taxes excluded

My dealer calculated 648.47... (this is with taxes excluded)

What was strange is that I get the exact dealer number by reducing the MSRP by 925 (which is the destination charge, right?). I also got first payment covered for free, but that shouldn't play into the monthly lease calc, right?

Am I missing something?

Michaell

aebiz95 said:

Long time reader, first time poster.... I entered into what I thought was a good deal on a 2016 X5, but I can't seem to get my lease calc to match dealers... can someone out here help me? I think I may be able to dispute... It is for a 36 mo/12 K mile lease MSRP 62945 Agreed Price 56000 Resid 57% MF with all MSDs .00082 I calculate a lease payment of 634.27, taxes excluded My dealer calculated 648.47... (this is with taxes excluded) What was strange is that I get the exact dealer number by reducing the MSRP by 925 (which is the destination charge, right?). I also got first payment covered for free, but that shouldn't play into the monthly lease calc, right? Am I missing something?

$925 is the acquisition fee. 

aebiz95

yes 925 is also the acquisition fee.  Question still remains, why does a different MSRP (with same agreed sale price) get me to the dealer monthly payment?   Would greatly appreciate input into which number is right given the inputs. 

Thanks again!

kyfdx

aebiz95 said:

yes 925 is also the acquisition fee.  Question still remains, why does a different MSRP (with same agreed sale price) get me to the dealer monthly payment?   Would greatly appreciate input into which number is right given the inputs. 

Thanks again!

The answer isn't in a different MSRP. That's just coincidence.

The difference is almost exactly $500. Maybe it's a $499 dealer fee? Or, something else undisclosed.

aebiz95

Hmm. Then something sketchy going on. I was supposed to pay all fees up front.   And I accounted for doc, acquisition, registration.   I am still waiting for the explanation. Not going to take delivery of the car without one. And I am not paying a hidden dealer fee.  Is this normal?

cbarba80

2016 x5 sdrive35i with premium and drivers assistance package + BT streaming MSRP 59,595, I have loyalty (not sure what is the latest savings on that, lets assume $1500), and ultimate driving credit $1000, trying to get agreed price to 53,000. Now if I get to the agreed price of 53,000 do you know if BMW will agree to decrease the price further to 50,500 given the above incentives?

kyfdx

aebiz95 said:

Hmm. Then something sketchy going on. I was supposed to pay all fees up front.   And I accounted for doc, acquisition, registration.   I am still waiting for the explanation. Not going to take delivery of the car without one. And I am not paying a hidden dealer fee.  Is this normal?

Don't know. it's $500. Ask for the net CAP cost

kyfdx

cbarba80 said:

2016 x5 sdrive35i with premium and drivers assistance package + BT streaming MSRP 59,595, I have loyalty (not sure what is the latest savings on that, lets assume $1500), and ultimate driving credit $1000, trying to get agreed price to 53,000. Now if I get to the agreed price of 53,000 do you know if BMW will agree to decrease the price further to 50,500 given the above incentives?

There is no secret to negotiating. Tell the dealer what credits you have, then negotiate a price that includes them. Those incentives come from BMW, so they aren't coming out of the dealer's pocket. I'll be surprised if you could negotiate $6600 off MSRP, without any incentives, though.